Positioned on approximately 20 acres overlooking Circuit of the Americas (COTA), this exceptional hilltop development site represents one of the most unique investment opportunities in the Austin market. With panoramic views of the racetrack, the downtown Austin skyline, and the surrounding countryside, the property occupies an irreplaceable location within Austin's rapidly emerging entertainment, tourism, and innovation corridor.
Located just minutes from Austin-Bergstrom International Airport, Tesla Gigafactory, Downtown Austin, SH-130, and Highway 71, the property sits at the center of one of the fastest-growing regions in Texas. Continued investment throughout the COTA district—including world-class motorsports, concerts, entertainment, hospitality, advanced manufacturing, and commercial development—continues to transform this area into one of Central Texas' most dynamic destinations.
A significant competitive advantage is the availability of a 16-inch City of Austin waterline at the street, providing valuable infrastructure that is rarely available on development sites of this size. Combined with the property's elevated topography, commanding views, and strategic location, the site offers exceptional flexibility for a variety of future uses.
Potential development concepts include luxury car condominiums, private garage communities, destination hospitality, boutique hotels, branded resorts, luxury RV accommodations, entertainment venues, corporate retreat facilities, wellness resorts, mixed-use projects, luxury residential development, or a long-term land investment positioned to benefit from the continued growth of the COTA Entertainment District. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for qualifying investors.
Unlike most development sites, the property generates immediate revenue while preserving its long-term redevelopment potential. The property currently produces approximately $160,000 in annual revenue through hospitality and private events, providing meaningful cash flow while future development plans are evaluated and implemented.
Approximately 20-acre hilltop development site
Directly overlooking Circuit of the Americas (COTA)
Panoramic views of the racetrack and Downtown Austin skyline
Located within Austin's rapidly expanding COTA Entertainment District
16-inch City of Austin waterline at the street
Qualified Opportunity Zone
Minutes from Austin-Bergstrom International Airport, Tesla Gigafactory, Downtown Austin, SH-130, and Highway 71
Existing income-producing improvements generating approximately $160,000 annually
Multiple redevelopment opportunities with significant long-term appreciation potential
Opportunities to acquire a development site with this combination of location, infrastructure, elevation, views, existing income, and future upside are exceptionally rare. Whether developed in the near term or held as a strategic land investment, this property offers investors and developers the opportunity to secure a premier position within one of the fastest-growing and most exciting districts in the Austin metropolitan area.
Elroy Rd
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